15/12/2009 - 08:06

Port Bouvard CEO resigns

15/12/2009 - 08:06

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Port Bouvard joint chief executive Matthew Perrott has resigned less than a year after his appointment, as the property developer continues to hold talks with St George over its debt funding.

Port Bouvard CEO resigns

Port Bouvard joint chief executive Matthew Perrott has resigned less than a year after his appointment, as the property developer continues to hold talks with St George over its debt funding.

In a statement today, Port Bouvard said Mr Perrott had resigned to pursue other opportunities.

John Wroth, who was appointed as joint CEO in March alongside Mr Perrott, with assume sole responsibility of chief executive.

Stephen Court will step up from a non-executive director capacity to executive director.

The board changes come as the company, which placed its shares in trading halt in October, continues to hold talks with St George to extend its current facilities to the end of the year.

Last month, chairman Lee Verios told shareholders the company was also looking into equity funding options through Max Capital and Euroz to complement the banking facilities.

Shares in Port Bouvard last traded at 25 cents.

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